The Sweden-based bank has a brand value of about 44.1 billion kroner, although it dropped five spots in the world rankings compared to last year from 32nd to 37th. Norwegian bank DNB was the second-best performing Nordic bank (66), closely followed by Svenska Handelsbanken (67).

Danske Bank is the top Danish bank in terms of brand value, ranked 72nd in the world with a brand value of about 18.8 billion kroner. Nykredit was ranked number two at 191, while the third-best, Jyske Bank, is in the ascendancy, shooting up from 285th to 248th.

Sydbank (411) and Spar Nord (485) rounded up the Danish banks on the list.